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Scottish Provident UK reports 27 per cent jump in new business

Scottish Provident UK has reported a 27 per cent rise in equivalent premium income for the first six months of the year.


The figures to June 30, reveal the EPI up by £8.6m to £41.1m from £32.5m for the same period last year.


Regular premium business jumped 30 per cent to £31.4m from £24.1m the previous year, a £7m rise. While single premiums were up 17 per cent to £97.5m from £83.6m over the same period of 1998.


Its chief executive Barry Rose says: &#34Its been an outstanding year so far. I am confident we can only improve on premium sales, particularly as we are planning to launch a major product initiative to the market this year.&#34

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